All Forum Posts by: Jonathan Casillas

       Fix and Flip Programs

Program #1

-90% of PP -100% of Rehab

-Up to 77.50% of ARV -Rates start at 7% I/O -3-4 points

-12 month term -No PPP

Available in the following states: AZ, CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, NV, NY, OH, OR, PA, SC, TN, TX,VA, WA, and WV

Program #2

-80% of PP -100% of Rehab -12% I/O

-4 Points

-6-12 month term -No PPP

Available in NJ and surrounding areas

Program #3

-75-85% of PP -100% of Rehab -12% I/O

-Up to 65% ARV -4-5 points

-12 month term

Nationwide except for NV, AZ, OR, and MN

Program #4

-100% of PP -100% of Rehab -13.9-14.9% I/O -Up

to 65% ARV -4-6 points

-No PPP

-12 month term

-Min credit score of 660 or higher Nationwide

Program #5

Lines of credit and loans from $50,000 -$7,000,000 (allowing you to purchase several properties within a 12 month period)

Fund lesser of 80% of Acquisition and Rehab Costs or 65% of After Repair Value (ARV) on Residential Properties (1-4 units). We fund rehab draws
Fund lesser of 75% of Acquisition and Rehab Costs or 60% of ARV on Multifamily Properties (5-30 units)
No application fee for credit line approval
Monthly payments are interest only
No prepayment penalty (3 months minimum interest)
Currently lending in approximately 48 states (exclusions include CA and NV)
We only lend on Non-Owner Occupied Properties
Borrower must have prior investment property experience
Experience: Borrower must have previously purchased at least 2 investment properties.
Liquidity: Cash to fund their equity requirement.
Minimum FICO 620.
Minimum Net Worth: $150,000.
We will evaluate substantial credit issues, foreclosures/short sales.
Borrower is free of significant open judgments and pending litigation.

Please feel free to contact me to get you started in one of our programs.

Jonathan Casillas

Foxworth Commercial Capital Sales Director

www.foxworthcommercialcapital.com

O: 800.278.1239 ext. 700

C: (919) 901-0872

Conference Line1-302-202-1108 (156465)

Private Funding for Projects: $10 million to $5 billion

this helps thanks guys.

I am looking at ordering Bobs 1K package that is said to show you how to setup trusts and corps in the best legal way possible. I wanted to know what anyone's experiance has been with this program. If you have a better suggestion please do not hesitate to mention it. I am in NC  and will be investing in Chicago Baltimore and Ohio if that helps any. 

I would start looking into turnkey property companies. I would start my search checking out reviews at http://turnkey-reviews.com/. Good luck. 

1. Do you hire out a cleaning crew or get the job done yourself?

-That would depend on the scope of work. The bigger the job the more likely I am to hire outside help. 

2. What types of cleaning jobs would you hire a cleaning crew for?

-Removal of items left behind by tenant.

-General maintenance of grounds and home while vacant. 

3. How often do you hire a cleaning crew?

-At this point I don't but will be increasing my portfolio. I can see myself needing one in the near future. 

4. What is the most you would be willing to pay and what's the least?

-That depends on both scope of work and turn around time.

5. Do you have a time frame expectation for getting the job done?

-I would expect turn around time to be no longer then 48 hours. 

I missed the live show wondering if there will be a replay? 

I like starting with http://turnkey-reviews.com/. Good blend of cities and companies. 

The two things that come to mind is "bird dogging" and whole selling homes. To and for investors. It will give you both the experience needed (with things you might not have thought of yourself). And some cash you can reinvest into your startup. 

This would be a good post in the Market. You would get much better results by posting your request there. 

I would visit your local REIA meetings and see who could use a "bird dog". That way you cant learn from someone truly doing flips and get some income you can eventually use for your own flips (bird dogging dose not pay very well).